Update on Key USA Projects May 2014 Tim Hoops Managing Director tim.hoopsstrata-x.com www.strata-x.com
Strata-X Energy USA projects investment highlights 100% of Key Projects Four USA Company maker-type projects 100% of 200,000 net acres in the USA Increased emphasis on the Illinois Basin Low risk- high Early mover potential…
Strata-Xs oil and gas projects in the USA 4
Illinois Basin Oil Projects Illinois Basin, Illinois: Lower risk with higher potential for shallow light oil 5
Why is Strata-X in the Illinois Basin The Illinois Basin is a Proven and Mature Oil Province Production dates back to 1894 with over 4 billion barrels of oil produced to date(Higley, et al., 2001) Over 140,000 wells have been drilled,…
Why is Strata-X focusing on the Illinois Basin In USA heartland - refineries, markets, services, pipelines nearby Flat easy access, low population density Geological conditions right for significant conventional and unconventional…
Strata-X has significant oil in place in its Illinois Projects New 23,595 acre Copper Mountain Oil Project, Strata-x now has 100% of 72,000 net acres 1.5 billion barrels of oil produced within 20 mile (32 km) radius of Strata-X…
Strata-X Illinois projects have multiple active petroleum systems Shallow Mississippian Copper Mountain Project Historic average field size 2 square miles(1) producing 3.8 million bbls (1) Mississippian Age More than five shallow…
Copper Mountain Oil Project has multiple target oil zones 47% increase in Strata-Xs Illinois Acreage Purchased 100% of 23,595 net acres for US2.25 million Added minimum 128 million barrels PIIP from Devonian aged targets(DS-3,1)…
Vail Oil Project - A 1,300 square kilometer Lingle oil accumulation is mapped Large unconventional oil accumulation in Lingle Fm Intersected by 100 wells Gas OCM which had strong indications G & OCM of hydrocarbons and G & OCM…
Vail Oil Project Lingle horizontal intersects oil Burkett 5-34HOR Well Successfully drilled and cored pilot well through Lingle Successfully drilled and ran pipe through lateral Oil in core and drilling shows though lateral Lingle…
Vail Project proposed Lingle completion method Multistage Reservoir Stimulation Planning a nitrogen assisted stimulation utilizing Halliburton technology 7 Stages sliding sleeve system The diagram below shows what a successful…
Illinois Oil Projects targeting unconventional and conventional light oil Strata-X has 100% of 72,000 net acres 338 million barrels PIIP within Middle Devonian aged targets(1, DS-1, DS-3) (unrisked, projects are not sufficiently…
Rationale for expanded Illinois game plan moving forward Most historical production is from conventional structural targets at shallow depths: Strata-X sees significant opportunities in: Light oil accumulations in untested…
Planned Illinois Operations 16
Sleeping Giant Gas Project Williston Basin, North Dakota 17
The Sleeping Giant Project - shallow, low cost gas potential 100% of 120,000 net acres under option Located on major regional structural high Niobrara 450 metre shallow gas with excellent analogs on trend Low cost production…
Evidence for a large gas accumulation Structure is key in biogenic gas play Project is located on regional structural high trend 20+ large leads and prospects mapped Gas flows 700 below structural highs Excellent porosity…
Economics benefits of low cost gas US Gas Prices Rising (Henry Hub Spot Price from EIA.gov 01/01/2012 thru 02/19/14) NYMEX reached 6.00 12 month strip 4.83 Multiple Markets Low Finding and Development Cost Desirable…
Planned Operations for Sleeping Giant Gas Project 21
Maverick Oil Project Eagle Ford Shale, Texas 22
The Maverick Oil Project Eagle Ford shale fairway The Maverick Oil Project is: 100% WI in majority of acreage and operator of 10,945 net acres Located adjacent to infrastructure, services with easy access First horizontal well proved…
Eagle Ford Shale hydrocarbon windows - Maverick Project is located on the oil/condensate boundary Strata-X Maverick Project: 10,945 net acres Terrace Energy: 300 BOPD IP Sanchez Energy: 900 BOEPD IP Newfield Energy: 1,130 BOEPD IP…
Maverick Basin nearby activity Sanchez Energy: Cotulla Area 700+ locations identified/ 85 wells on production 175 BOPD/1800 mcfd Newfield Energy: 60 completed wells in Strata-X Acreage Maverick Basin SM Energy(Non-op): 10 rigs with 84…
Maverick Basin well had extensive oil shows Completion to be a multistage vertical stimulation Initial test well cored entire Eagle Ford through Buda sequence 180 metre vertical oil and gas interval Core data indicates…
Planned Operations 27
Strata-Xs low risk USA field operations to end 2014 Activity 2014 May Jun Jul Aug Sep Oct Nov Dec Vail Oil Project Lingle Oil Zone Horizontal Stimulation Lingle Completion / testing Contingent horizontal well Copper Mountain Oil…
Strata-Xs USA projects offer low risk - high upside potential USA projects have proven petroleum offering substantial upside potential All have infrastructure, easy access land, low transport and operating costs Illinois Basin…
Strata-X a TSX and ASX listed company THANK YOU FOR YOUR INTEREST Tim Hoops Tim.HoopsStrata-X.com www.Strata-X.com 30
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